BREAKING NEWS

Shekel-dollar rate passes NIS 4/$ threshold

By MOSHE GOLAN / GLOBES

JULY 18, 2012 10:25

In inter-bank foreign currency trading Wednesday the shekel continued to weaken against the dollar as the US currency gained ground against the world's major currencies. For the first time since June 2009, the shekel-dollar exchange rate pushed through the NIS 4/$ threshold.

In morning trading the shekel was up 0.37 percent compared with Tuesday's representative rate, to NIS 3.997/$, having briefly gone over NIS 4/$ at the opening, and the shekel-euro exchange rate was up 0.38% to NIS 4.911/€.

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